END OF DETROIT

10 years ago

GM Employees Quit in Droves

Looks like lots of employees aren't hesitating to jump off the Titanic. Since GM offered their employees buyouts of their contracts or early retirement, about 7,500 people—roughly 12 percent of the workforce—have accepted. Also, Chrysler has extended its deadline for employees to accept buyouts in an effort to encourage second thoughts on the matter. None of this comes as a surprise: Both car companies have to prove to the government they have financially restructured at the end of the month.